settlement-negotiation

Vocabulary Word

Definition

In its simplest form, 'settlement-negotiation' involves coming to an agreement or resolution to a conflict or dispute through a process of discussion and compromise.

Examples in Different Contexts

In legal contexts, 'settlement negotiation' refers to discussions between parties to resolve a dispute outside of court. A lawyer might advise, 'Engaging in settlement negotiation can save time and resources by avoiding a lengthy trial.'

Practice Scenarios

Creative

Scenario:

The artist is alleging copyright infringement on an image we used. We may have to reconsider our creative asset sourcing.

Response:

Maybe we should start a settlement negotiation with the artist to avoid a lawsuit over the copyright.

Business

Scenario:

There have been disagreements with our distributor over the pricing policy. We need to resolve it before it impacts our relationship.

Response:

We should proceed with settlement negotiation to establish new terms with our distributor.